Materiality test among new bank guidelines on cloud services
Updated guide takes into account technological advancements and the evolution of market practices, says ABS
Add BT as a preferred sourceSingapore
THE Association of Banks in Singapore (ABS) has published updated guidelines for financial institutions (FIs) when they enter into cloud outsourcing arrangements. The guide contains best practice recommendations and considerations by the banks to support the safe adoption of the cloud.
ABS said the updated guide represents a "substantial revision" from its first publication in June 2016, as it takes into account technological advancements and the evolution of market practices.
TRENDING NOW
Qatari LNG ship struck in Strait of Hormuz, testing US talks
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10
